SCHW Research Note — Lending Meets the CPI Test
Record results and sweep growth strengthen Schwab’s thesis, while lending sensitivity and an extended tape raise the August evidence bar.
SCHW
SCHW Deep Coverage Review — Analysis as of August 7, 2026
Schwab’s funding repair gained direct evidence while lending-led margin growth and an extended tape face the August inflation test.
SCHW Research Note — The Funding Ledger Improves
Schwab’s funding ledger improved as sweep balances and net interest margin strengthened, while price confirmation remains incomplete.
SCHW Deep Coverage Review — Analysis as of July 28, 2026
Schwab’s funding repair gained evidence from sweep growth and a 3.00% net interest margin, while the post-results tape remains unsettled.